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YES BANK Receives Ratings from both CARE Ratings & India Ratings for Basel III AT1 Bonds for INR 1500 Crore

  • Rating of CARE AA (Stable) from CARE Ratings
  • Rating of Ind AA with Stable Outlook from India Ratings & Research

Mumbai, December 23, 2016:  YES BANK, India’s 5th largest private sector Bank has announced that it has received ratings for an additional amount of INR 1500 Cr of Basel III Compliant AT1 (Additional Tier-1) Bonds. This takes the quantum of rated Basel - III Compliant AT1 bonds to INR 3600 Cr.

YES BANK had announced on 19th December, 2016 that it has received ratings for INR 2100 Crores of Basel III Compliant AT1(Additional Tier-1) Bonds (Link to the Press Announcement: https://www.yesbank.in/media/press-releases/fy-2016-17/yes-bank-receives-ratings-from-both-care-ratings-and-india-ratings-for-basel-iii-at1-bonds )

About YES BANK

YES BANK, India’s fourth largest private sector Bank with a pan India presence across all 29 states and 7 Union Territories of India, headquartered in the Lower Parel Innovation District (LPID) of Mumbai, is the outcome of the professional & entrepreneurial commitment of its Founder Rana Kapoor and its Top Management team, to establish a high quality, customer centric, service driven, private Indian Bank catering to the future businesses of India.

YES BANK has adopted international best practices, the highest standards of service quality and operational excellence, and offers comprehensive banking and financial solutions to all its valued customers.

YES BANK has a knowledge driven approach to banking, and offers a superior customer experience for its retail, corporate and emerging corporate banking clients. YES BANK is steadily evolving as the Professionals’ Bank of India with the long term mission of “BUILDING THE FINEST QUALITY LARGE BANK OF THE WORLD IN INDIA”.

For media queries, please contact:

YES BANK
Jitesh Patel
Ph.: +91 22 3347 9753, +91 9820813570
Email: jitesh.patel@yesbank.in

Delna Irani
Adfactors
Ph.: +91 9820660467
Email: delna@adfactorspr.com

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